RetireMax Secure 5

RetireMax Secure 5

Product Name

RetireMax Secure 5

Annuity Type

Multi-Year Guarantee Annuity

Issuing Insurance Company and Ratings

Life Insurance Company of the Southwest (LSW) - View details

A+
(2nd of 15 ratings)
A+
(5th of 20 ratings)
A1
(5th of 21 ratings)
Not Rated
90
(percentile of rated companies)

Product Information

The RetireMax Secure 5 is a deferred multi-year guarantee annuity issued by Life Insurance Co of the Southwest (LSW).

The current 5 year guarantee period annual yield is 5.25% (see Rate Details below). This is the guaranteed annual yield, including bonuses if applicable, for the initial guarantee period term, up to the first penalty free full withdrawal window. The RetireMax Secure 5 has a full penalty free withdrawal window after 5 years.

During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. Beginning in the second contract year, this annuity provides up to 10% (noncumulative) of the contract value as the penalty free withdrawal amount that may be withdrawn from the annuity each contract year.

This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.

Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.

Life Insurance Co of the Southwest (LSW) is rated “A+” by A.M. Best, was founded in 1955, and has over $27.5 billion in total assets.

Rate Details

Oct 31st, 2022
Not Scheduled
5 years

Premium Amount: $100,000 - See Notes

Current
5 Year Guarantee Period Annual Yield: 5.25%
Interest rate start of year 1 through end of year 5: 5.25%

Initial Surrender Charge and MVA Periods

Early Surrender Charges: 5 years
Market Value Adjustment (MVA): N/A
Penalty Free Full Withdrawal Window Available After: 5 years

State variations may exist, refer to product disclosure for details. 

Other Guarantee Periods Available

N/A

Policy Details

Min Premium Non-Qualified: $100,000
Max Premium Non-Qualified: See Notes
Max Issue Age Non-Qualified: 85
Rate Lock on Transfers: See Notes
Death Benefit: Accumulation Value

Min Premium Qualified: $100,000
Max Premium Qualified: See Notes
Max Issue Age Qualified: 85
Subject to MVA: No
Income Rider Available: No

Penalty Free Withdrawal Provisions

First Year Withdrawals: None
Cumulative Withdrawals: No
Penalty Waivers: Death and Nursing Home

Years 2+ Withdrawals: 10%
RMD Friendly: Yes

See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.

State Variations

Not available in:  AZ, MD, MT, NJ, NY, NC, OK, OR and WA (as of 10/14/2022)